Droning On …
I noticed that one of my LinkedIn connections, also named Barry Rabkin (yes, there is another Barry Rabkin), has moved to a company specializing in drone (Identified Technologies) as their CMO.
He and I had a brief exchange of emails about his new position and he remarked to me to let him know if I knew any insurers needing drones to help calculate premiums. I wonder how or if USAA, AIG, and other insurers are using drones to set premiums.
Got me thinking
My initial reaction was that using drones to calculate premium is not something I would think that regulators would allow.
And that line of thought brought me to the following list of potential drone applications:
- Flying over a scene during (if possible) and immediately after a severe weather event to estimate potential losses and reserves.
- Overlaying the real-time results of a drone flight post-severe weather event on a map of an insurer’s customer base locations and estimating potential losses (i.e. collapsed roofs; ice dams, …) for each customer.
- Preparing claim managers and CSRs by estimating the number of potential claim calls to roll in over the next 24, 48, or more hours.
- In good weather, flying drones over new housing developments, and, again, overlaying that information with the location of current customers to determine the market potential of getting new customers in that area and providing that information to the agency or broker firms in that area.
- Flying drones over commercial clients’s facilities, including farm owners, to assess their new or updated facilities and other assets to determine if they have appropriate levels of coverage.
What would you add to this list?